Analyze the financial statements of the company to you in terms of:1) Liquidity 2) Solvency3) Asset management4) Debt management5) Profitability2020 Analysis BUT also compare with 2018 - 2019.Please show your solution on computation. Starbucks Corporation (SBUX) financial statements (2021 and earlier)Company profileРО ВОХ 34067Business AddressSEATTLE, WA 98124-1067State of Incorp.WAFiscal Year EndSeptember 30SIC581 - Eating And Drinking Places (benchmarking)More infoComplete financial analysisFinancial benchmarkingBalance sheet (Statement of financial position) ($ in millions)Annual | Quarterly12/31/20209/30/20209/30/20199/30/20189/30/20179/30/20169/30/2015TTMASSETSCurrent AssetsCash, cash equivalents, and short-term5,2644,6322,7578,9382,6912,2631,611investmentsCash and cash equivalents5,0284,3512,6878,7562,4622,1291,530Short-term investments2362817118222913481Receivables1,2211,2691,0201,649925825756Inventory, net of allowances, customeradvances and progress billings1,4721,5511,5291,4011,3641,3791,306Inventory1,4721,5511,5291,4011,3641,3791,306Prepaid expense253228347507Deferred tax assets382Other undisclosed current assets149126304294298Total current assets:8,3587,8065,65412,4945,2834,7614,353Noncurrent AssetsOperating lease, right-of-use asset8,1998,134Property, plant and equipment6,1786,2416,4325,9294,9204,5344,088Long-term investments and receivables4263363351,0241,496665Long-term investments4263363351,0241,496665Intangible assets, net (including goodwill)4,2134,1494,2734,5841,9812,2362,096Goodwill3,7073,5973,4913,5421,5391,7201,575Intangible assets, net (excluding goodwill)5065527821,042441516520Other noncurrent assets541569480412363418416Deferred tax assets, net135795885829Other undisclosed noncurrent assets2,4792,0482,046268Total noncurrent assets:21,61121,56813,56611,6629,0829,5698,093TOTAL ASSETS:29,96829,37519,22024,15614,36614,33012,446 LIABILITIES AND EQUITYLiabilitiesCurrent LiabilitiesAccounts payable and accrued liabilities3,5032,9534,9003,4782,7172,7303,523Accounts payable1,0519981,1901,179783731684Accrued liabilities1,6171,1611,7542,2981,9351,9991,761Employee-related liabilities685696665522Taxes payable150981,292259Interest and dividends payable297Deferred revenue1,8711,4571,269Debt1,2431,689350400Deferred compensation liability9110298Self insurance reserve214215246225Deferred revenue and credits1,2891,171984Deferred tax liabilities5Other undisclosed current liabilities1,2681,1571,541(1,182)Total current liabilities:7,8847,3476,1695,6844,2214,5473,654Noncurrent LiabilitiesLong-term debt and lease obligation22,42822,32111,1679,0903,9333,2022,348Long-term debt, excluding current14,67414,66011,1679,0903,9333,2022,348maturitiesOperating lease, liability7,7557,662Liabilities, other than long-term debt6,6306,7456,852314755690753Deferred revenue6,5986,5996,744Asset retirement obligations111968260Deferred tax liabilities, net27068Other liabilities755690625Derivative instruments and hedges,333612(39)liabilitiesOther undisclosed noncurrent liabilities9307611,2637,893(128)Total noncurrent liabilities:29,98929,82719,28217,2964,6883,8922,973Total liabilities:37,87237,17425,45122,9818,9098,4396,626Stockholders' equityStockholders' equity attributable to parent,including:(7,910)(7,805)(6,232)1,1705,4505,8845,818Common stock11111Additional paid in capital4893744141414141Accumulated other comprehensive loss(146)(365)(503)(330)(156)(108)(199)Retained earnings (accumulated deficit)(8,254)(7,816)(5,771)1,4575,5635,9505,975Other additional capital39Other undisclosed stockholders' equityattributable to parent(39)Stockholders' equity attributable to66167noncontrolling interestTotal stockholders' equity:(7,904)(7,799)(6,231)1,1765,4575,8915,820TOTAL LIABILITIES AND EQUITY:29,96829,37519,22024,15614,36614,33012,446

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Answered: Analyze the financial statements of the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Analyze the financial statements of the company to you in terms of:
1) Liquidity
2) Solvency
3) Asset management
4) Debt management
5) Profitability

2020 Analysis BUT also compare with 2018 - 2019.

Please show your solution on computation.

Transcribed Image Text:Starbucks Corporation (SBUX) financial statements (2021 and earlier) Company profile РО ВОХ 34067 Business Address SEATTLE, WA 98124-1067 State of Incorp. WA Fiscal Year End September 30 SIC 581 - Eating And Drinking Places (benchmarking) More info Complete financial analysis Financial benchmarking Balance sheet (Statement of financial position) ($ in millions) Annual | Quarterly 12/31/2020 9/30/2020 9/30/2019 9/30/2018 9/30/2017 9/30/2016 9/30/2015 TTM ASSETS Current Assets Cash, cash equivalents, and short-term 5,264 4,632 2,757 8,938 2,691 2,263 1,611 investments Cash and cash equivalents 5,028 4,351 2,687 8,756 2,462 2,129 1,530 Short-term investments 236 281 71 182 229 134 81 Receivables 1,221 1,269 1,020 1,649 925 825 756 Inventory, net of allowances, customer advances and progress billings 1,472 1,551 1,529 1,401 1,364 1,379 1,306 Inventory 1,472 1,551 1,529 1,401 1,364 1,379 1,306 Prepaid expense 253 228 347 507 Deferred tax assets 382 Other undisclosed current assets 149 126 304 294 298 Total current assets: 8,358 7,806 5,654 12,494 5,283 4,761 4,353 Noncurrent Assets Operating lease, right-of-use asset 8,199 8,134 Property, plant and equipment 6,178 6,241 6,432 5,929 4,920 4,534 4,088 Long-term investments and receivables 426 336 335 1,024 1,496 665 Long-term investments 426 336 335 1,024 1,496 665 Intangible assets, net (including goodwill) 4,213 4,149 4,273 4,584 1,981 2,236 2,096 Goodwill 3,707 3,597 3,491 3,542 1,539 1,720 1,575 Intangible assets, net (excluding goodwill) 506 552 782 1,042 441 516 520 Other noncurrent assets 541 569 480 412 363 418 416 Deferred tax assets, net 135 795 885 829 Other undisclosed noncurrent assets 2,479 2,048 2,046 268 Total noncurrent assets: 21,611 21,568 13,566 11,662 9,082 9,569 8,093 TOTAL ASSETS: 29,968 29,375 19,220 24,156 14,366 14,330 12,446

LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities
3,503
2,953
4,900
3,478
2,717
2,730
3,523
Accounts payable
1,051
998
1,190
1,179
783
731
684
Accrued liabilities
1,617
1,161
1,754
2,298
1,935
1,999
1,761
Employee-related liabilities
685
696
665
522
Taxes payable
150
98
1,292
259
Interest and dividends payable
297
Deferred revenue
1,871
1,457
1,269
Debt
1,243
1,689
350
400
Deferred compensation liability
91
102
98
Self insurance reserve
214
215
246
225
Deferred revenue and credits
1,289
1,171
984
Deferred tax liabilities
5
Other undisclosed current liabilities
1,268
1,157
1,541
(1,182)
Total current liabilities:
7,884
7,347
6,169
5,684
4,221
4,547
3,654
Noncurrent Liabilities
Long-term debt and lease obligation
22,428
22,321
11,167
9,090
3,933
3,202
2,348
Long-term debt, excluding current
14,674
14,660
11,167
9,090
3,933
3,202
2,348
maturities
Operating lease, liability
7,755
7,662
Liabilities, other than long-term debt
6,630
6,745
6,852
314
755
690
753
Deferred revenue
6,598
6,599
6,744
Asset retirement obligations
111
96
82
60
Deferred tax liabilities, net
270
68
Other liabilities
755
690
625
Derivative instruments and hedges,
33
36
12
(39)
liabilities
Other undisclosed noncurrent liabilities
930
761
1,263
7,893
(128)
Total noncurrent liabilities:
29,989
29,827
19,282
17,296
4,688
3,892
2,973
Total liabilities:
37,872
37,174
25,451
22,981
8,909
8,439
6,626
Stockholders' equity
Stockholders' equity attributable to parent,
including:
(7,910)
(7,805)
(6,232)
1,170
5,450
5,884
5,818
Common stock
1
1
1
1
1
Additional paid in capital
489
374
41
41
41
41
41
Accumulated other comprehensive loss
(146)
(365)
(503)
(330)
(156)
(108)
(199)
Retained earnings (accumulated deficit)
(8,254)
(7,816)
(5,771)
1,457
5,563
5,950
5,975
Other additional capital
39
Other undisclosed stockholders' equity
attributable to parent
(39)
Stockholders' equity attributable to
6
6
1
6
7
noncontrolling interest
Total stockholders' equity:
(7,904)
(7,799)
(6,231)
1,176
5,457
5,891
5,820
TOTAL LIABILITIES AND EQUITY:
29,968
29,375
19,220
24,156
14,366
14,330
12,446

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Analyze the financial statements of the company to you in terms of: 1) Liquidity 2) Solvency 3) Asset management 4) Debt management 5) Profitability 2020 Analysis BUT also compare with 2018 - 2019. Please show your solution on computation.